Spradlin Foundation Inc
- Assets
- $352.3k
- Revenue
- $31.9k
- Investments
- $240.6k
- Employees
- 0
- Location
- Kilgore, TX
- Founding
- 03/2002
- Data as of
- 12/2023
- EIN
- 75-2910442
Organization Overview
Spradlin Foundation Inc is located in Kilgore, TX. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spradlin Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Spradlin Foundation Inc generated $31.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 48.2% each year . All expenses for the organization totaled $26.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Spradlin Foundation Inc has awarded 91 individual grants totaling $261,891. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald E Spradlin III President | 0 | $0 | |
Eric Brian Marcott Vice Preside | 0 | $0 | |
Nan Shertzer White Sec/treas. | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,266 |
| Dividends & Interest | $10,892 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,201 |
| Capital Gain Net Income | $16,201 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $562 |
| Total Revenue | $31,921 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $24 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $174 |
| Contributions, gifts, grants paid | $26,150 |
| Total expenses and disbursements | $26,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $111,659 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $62,581 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $352,263 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Spradlin Foundation Inc has awarded $26,150 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
KILGORE COLLEGE FOUNDATION PURPOSE: DONATION | $2,000 |
KILGORE LEGACY FOUNDATION PURPOSE: DONATION | $2,000 |
KILGORE YOUTH SOFTBALL ASSOCIATION PURPOSE: DONATION | $650 |
KILGORE HIGH SCHOOL PURPOSE: SUPPORT FOR AG DEPARTMENT, ATHLETIC BOOSTERS, STUDENT NEWSPAPER, THEATER DEPARTMENT, GIRLS SOCCER, BOYS SOCCER AND VARIOUS SUPPORT. | $6,500 |
KILGORE POLICE DEPARTMENT PURPOSE: DONATION | $2,500 |
FOREST HOME BAPTIST CHURCH PURPOSE: DONATION | $1,000 |